Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v3.5.0.2
Borrowings (Tables)
9 Months Ended
Oct. 01, 2016
Debt Disclosure [Abstract]  
Schedule of Short-term Debt [Table Text Block]
Our short-term debt at the end of each period was as follows:
(In Millions)
 
Oct 1,
2016
 
Dec 26,
2015
Drafts payable
 
$
16

 
$
41

Commercial paper
 
450

 

Current portion of long-term debt
 
3,115

 
2,602

Less: debt issuance costs associated with the current portion of long-term debt
 
(8
)
 
(9
)
Total short-term debt
 
$
3,573

 
$
2,634

Schedule of Long-term Debt Instruments [Table Text Block]
Our long-term debt at the end of each period was as follows:
(In Millions)
 
Maturity Date
 
Stated Interest Rate
 
Oct 1,
2016
 
Dec 26,
2015
Second quarter 2016 debt issuance of $2.8 billion
 
 
 
 
 
 
 
 
Senior notes
 
May 2021
 
1.70%
 
$
499

 
$

Senior notes
 
May 2026
 
2.60%
 
998

 

Senior notes
 
May 2046
 
4.10%
 
1,243

 

First quarter 2016 acquired Altera debt of $1.5 billion
 
 
 
 
 
 
 
 
Senior notes
 
May 2017
 
1.75%
 
501

 

Senior notes
 
November 2018
 
2.50%
 
605

 

Senior notes
 
November 2023
 
4.10%
 
425

 

Fourth quarter 2015 debt issuance of $915 million
 
 
 
 
 
 
 
 
Senior notes
 
December 2045
 
4.70%
 
944

 
908

Fourth quarter 2015 Australian dollar-denominated debt issuance of A$800 million
 
 
 
 
 
 
 
 
Senior notes1
 
December 2019
 
3.25%
 
192

 
181

Senior notes1
 
December 2022
 
4.00%
 
422

 
397

Third quarter 2015 debt issuance of $1.0 billion
 
 
 
 
 
 
 
 
Senior notes
 
August 2045
 
4.90%
 
1,027

 
1,009

Third quarter 2015 debt issuance of $7.0 billion
 
 
 
 
 
 
 
 
Senior notes
 
July 2020
 
2.45%
 
1,749

 
1,748

Senior notes
 
July 2022
 
3.10%
 
1,035

 
996

Senior notes
 
July 2025
 
3.70%
 
2,277

 
2,247

Senior notes
 
July 2045
 
4.90%
 
1,999

 
1,998

2012 debt issuance of $6.2 billion
 
 
 
 
 
 
 
 
Senior notes
 
December 2017
 
1.35%
 
2,999

 
2,999

Senior notes
 
December 2022
 
2.70%
 
1,557

 
1,492

Senior notes
 
December 2032
 
4.00%
 
745

 
744

Senior notes
 
December 2042
 
4.25%
 
924

 
924

2011 debt issuance of $5.0 billion
 
 
 
 
 
 
 
 
Senior notes
 
October 2016
 
1.95%
 
1,500

 
1,499

Senior notes
 
October 2021
 
3.30%
 
1,998

 
1,997

Senior notes
 
October 2041
 
4.80%
 
1,491

 
1,490

2009 debt issuance of $2.0 billion
 
 
 
 
 
 
 
 
Junior subordinated convertible debentures
 
August 2039
 
3.25%
 
1,114

 
1,103

2005 debt issuance of $1.6 billion
 
 
 
 
 
 
 
 
Junior subordinated convertible debentures
 
December 2035
 
2.95%
 
987

 
975

Long-term debt
 
 
 
 
 
27,231

 
22,707

Less: current portion of long-term debt
 
 
 
 
 
(3,115
)
 
(2,602
)
Less: debt issuance costs
 
 
 
 
 
(73
)
 
(69
)
Total long-term debt
 
 
 
 
 
$
24,043

 
$
20,036